The cost to build remains high and continues to be the sector’s biggest concern in the quarter, pointed out the Construction Industry Survey held by the National Confederation of Industry (CNI). It was the seventh consecutive semester in which this concern was the most cited by businesspeople. High interest rates are the second-biggest concern, and […]
Central Bank’s Focus survey of market expectations, which was released Tuesday morning, was more or less within the expectations, but the high inflation projected for 2023 poses a challenge for the Monetary Policy Committee (Copom). The inflation expected by the market was 4%, well above the target set for the year, of 3.25%, on a […]
After more than 30 years of disputes in courts, the Brazilian government has reached an agreement with pension funds to pay in installments R$8.8 billion in court-ordered debts — the so-called “precatórios” — starting in 2023. This debt refers to a judicial battle started in 1991, when pension organizations disputed the way bonds of the […]
In the first quarter of the year, Brazil saw a trade surplus of $3.7 billion in oil and oil products, 31% of the total trade balance of the period, even though, under pressure resulting from the war between Russia and Ukraine, the prices and import volumes of this group of products have grown at a […]
The Federal Court of Accounts (TCU) confirmed Tuesday the May 18 date for the resumption of the Eletrobras privatization trial. Contaminated by political polarization, the operation gained a curious chapter last week, when TCU member Aroldo Cedraz surprised his colleagues by suggesting that an eventual attempt to retake control of the company by the government […]
Investors once again showed risk aversion in the trading session on Tuesday, triggering a rush to protection. As a result, the dollar gained ground, the stock markets went south around the world and, in Brazil, interest rates faced a new day of stress. In the local market, the foreign exchange rate reached the R$5 threshold […]
The head of the Brazilian Association of Machinery and Equipment Industry (Abimaq), João Marchesan, said Monday that the modernization of agricultural machines in Brazil depends on the conditions of the next Harvest Plan 2022/23, under formulation by the government, and requested R$32 billion for Moderfrota — a program for the upgrading of the tractors fleet […]
Enel Green Power, the renewable power arm of Italy’s Enel in Brazil, has started commercial operations of the Fontes dos Ventos II wind farm, in Pernambuco. The R$430-million project has an installed capacity of 99 megawatts, with 18 wind turbines. The power will be sold in the free market, in which large consumers can choose […]
Emmanuel Macron’s reelection as president of France for the next five years means continued French resistance to the European Union-Mercosur free trade agreement on its current terms. What might change depends more on what will happen in the October presidential election in Brazil. This is the assessment of Professor Gaspard Estrada, executive director of the […]
Four of the ten occupations that employ young people the most in the country have low schooling requirements – less than eight years at school. The account considers the number of young people in relation to the total number of workers in a given activity. A similar situation is seen also among the activities with […]